Frequently asked questions
What happens to convertible note if startup fails?
If a startup fails, the convertible note can become worthless. The owner might not have to pay it back, but investors could lose their money.
What is convertible debt in a startup?
Convertible debt is a loan a startup can get. It starts as debt but can turn into ownership shares in the company later on.
Can I sell my convertible note?
Yes, you can sell your convertible note. But, finding a buyer depends on how attractive your startup is to investors.